Due Diligence on Third Party Broker Dealers

Due Diligence on Third Party Broker Dealers (TPMs)

Regulators continue to raise the bar for institutions to demonstrate that they are adequately vetting critical third party vendors such as your broker dealer (aka TPM). Many firms do not have the time or resources to devote to documenting ongoing due diligence of their TPM. Recognizing this challenge, Kehrer Bielan has created a due diligence report on each of the major third party broker dealers. Each report provides details on:

  • The TPM’s business, compared to its peers
  • Background on the company, including key personnel, FINRA BrokerCheck review, and review of Form ADV
  • Corporate governance, including the organizational chart and company polices
  • Risk management and financial controls, including the  SOC Report
  • Overview of compliance organization and practices
  • Technology, and pricing per advisor
  • Finances of the firm, its affiliates, and parent
  • Product menu, product selection and due diligence process
  • Marketing support

along with dozens of exhibits documenting the commentary.

You can purchase a standalone Kehrer Bielan Due Diligence report on your broker dealer for $500.

 

How can we do all this for that price? Because we can spread the cost of this research over several institutions that use any one TPM.

 

For more information, contact Jon Gabriel (jon.gabriel@kehrerbielan.com)

Incorporating Our Due Diligence into Your Review of TPM Alternatives

 

If you are looking at different TPMs, you should have a copy of our Annual TPM Report.  We’ve tracked the businesses of the major third party BDs since 2006.

“I really just want to let you know how grateful we are to have access to an unaffiliated due diligence report for the broker-dealer. It has proved to be truly invaluable, over the last few years, when discussing the capabilities, functionality and operations of LPL Financial with our outside regulators for the bank and other regulatory reporting agencies. Thank you so much for all of the work you and your team do to put this report together.”

Tyra Louis-Steinke, CRCP®
Vice President, Brokerage & Advisory Program Manager at Sunflower Bank

Available TPM Due Diligence Reports

Due Diligence Report: Ameriprise Financial

$500.00

Due diligence report on Ameriprise Financial Institutions Group and Ameriprise Financial, Inc. ( NYSE: AMP) prepared for institutional clients of Kehrer Bielan Research & Consulting LLC based upon publicly available information, information provided by third parties, and information provided by Ameriprise Financial.

Due Diligence Report: Cetera Investment Services

$500.00

Due diligence report on Cetera Investment Services LLC has been prepared for institutional clients of Kehrer Bielan Research & Consulting LLC based upon publicly available information, information provided by third parties, and information provided by Cetera Investment Services.

Due Diligence Report: Infinex Financial Group

$500.00

Due diligence report on Infinex Financial Group prepared for institutional clients of Kehrer Bielan Research & Consulting LC based upon publicly available information, information provided by third parties, and information provided by Infinex Financial Group.

Due Diligence Report: LPL Financial

$500.00

Due diligence report on LPL Financial Holdings Inc. (NASDAQ: LPLA) and LPL Financial LLC (including its Institutional Services Group which supports financial institutions)has been prepared for institutional clients of Kehrer Bielan Research & Consulting LLC based upon publicly available information, information provided by third parties, and information provided by LPL Financial.

Due Diligence Report: Raymond James

$500.00

Due diligence report on Raymond James Financial, Inc. prepared for institutional clients of Kehrer Bielan Research & Consulting LC based upon publicly available information, information provided by third parties, and information provided by Raymond James.